Canada

Canadian hydro-electric exports to US growing because of state renewable energy targets

Canadian hydro-electric exports to US growing because of state renewable energy targets

Exports of Canadian hydro power growing, but revenue shrinking because of lower prices Since 2012, eastern Canada has been the source of about 70 per cent of Canada’s electricity export volumes, according to a National Energy Board press release. The remaining 30 per cent originate from western Canada. Most eastern Canadian exports are from Quebec and […]

By August 17, 2017 0 Comments Read More →
Wyndwood pipeline expansion project approved by National Energy Board

Wyndwood pipeline expansion project approved by National Energy Board

 Project is a loop of Westcoast’s existing Fort St. John Mainline The National Energy Board (NEB) approved a proposal from Westcoast Energy Inc., doing business as Spectra Energy Transmission, to build and operate the 27-kilometre-long Wyndwood Pipeline Expansion Project, according to a press release. The NEB announced its decision in a letter, released today, and expects […]

By August 16, 2017 0 Comments Read More →
Gulf refiners prepare for possible sanctions against Venezuela, look to Canada for crude

Gulf refiners prepare for possible sanctions against Venezuela, look to Canada for crude

Gulf refiners see Venezuelan supplies dwindle According to Bloomberg, Gulf refiners are looking to Canada as they prepare for possible Trump administration sanctions against Venezuela which could mean heavy crude supplies from the beleaguered South American nation would be drastically cut to US customers. Canadian heavy crude from the Alberta oil sands is already a […]

By August 15, 2017 0 Comments Read More →
Husky Energy buying Wisconsin refinery for $435 million

Husky Energy buying Wisconsin refinery for $435 million

Husky Energy buying 50,000 b/d Superior, Wisconsin refinery On Monday, Calgary-based Husky Energy announced it will purchase a 50,000 barrel per day (b/d) refinery from Calumet Specialty Products Partners, L.P., located in Superior, Wisconsin. The purchase price for the Superior Refinery is US$435 million in cash.  According to the company, the facility will help accelerate […]

By August 14, 2017 0 Comments Read More →
Alberta, Canada electricity needs and issues this summer – CBOC

Alberta, Canada electricity needs and issues this summer – CBOC

Production and consumption of energy account for 80% of Canada’s GHG emissions By Carlos Murillo, Economist, Industrial Economic Trends, Conference Board of Canada It’s been a scorching summer in Alberta, with temperatures consistently above the 30-degree mark during the last few weeks. While not everyone across Canada is lucky enough to enjoy this weather, the high temperatures […]

By August 14, 2017 0 Comments Read More →
Opinion: Here’s why Canada depends so much on its energy exports

Opinion: Here’s why Canada depends so much on its energy exports

Energy exports have been as much as 25 per cent of Canada’s total exports By Stewart Muir Canadian resource industries continue to have a highly positive impact on the well-being of the country. Yet there is no shortage of armchair critics bamboozling the public claiming oil, gas and coal don’t provide value to Canadians. Even […]

By August 10, 2017 0 Comments Read More →
What products are created from oil processed in Canadian refineries?

What products are created from oil processed in Canadian refineries?

Around 1/3 of crude refined in western Canada considered heavy Canada’s 16 refineries process oil that is produced in Canada and imported from abroad, according to the National Energy Board. Over the last five years, these refineries produced an average of 2.3 million barrels of refined petroleum products each day. Approximately 80 per cent of these products were used to […]

By August 10, 2017 0 Comments Read More →
Japex begins bitumen operations at its Hangingstone expansion project

Japex begins bitumen operations at its Hangingstone expansion project

Japex uses SAGD method of extraction at Hangingstone Japan Petroleum Exploration (Japex) says it began extracting bitumen from its Hanginstone oil sands project in project last week. Currently, Hangingstone is outputting more than 1,000 barrels per day (b/d) and Japex says it is hoping to increase that to its full capacity of 20,000 b/d by […]

By August 8, 2017 0 Comments Read More →
CNRL among bidders for Cenovus ‘non-core’ assets as oil sands giant pays down debt

CNRL among bidders for Cenovus ‘non-core’ assets as oil sands giant pays down debt

Cenovus’ Suffield project and Deep Basin midstream assets up for sale Cenovus Energy is entertaining bids from a number of companies, including CNRL, ARC Financial Corp and others, in the sale of the company’s $1 billion heavy oil project in Pelican Lake, Alberta, according to Reuters sources. The Calgary-based company is also in advanced discussions on […]

By August 4, 2017 0 Comments Read More →
Line 3 pipeline costs higher due to regulatory delays, route changes

Line 3 pipeline costs higher due to regulatory delays, route changes

Line 3 pipeline runs from Hardisty, AB to Superior, WI In its 2017 second quarter report, Enbridge says regulatory delays and route modifications will boost the cost of the Line 3 pipeline replacement project. The company also reported a lower-than-expected Q2 profit. Enbridge says the project that runs from Hardisty, Alberta to Superior, Wisconsin will […]

By August 3, 2017 0 Comments Read More →